The U.S. Current Account Deficit and the Global Economy.

This paper presents the views of Lawrence H. Summers on the U.S. current account deficit and the global economy. Summers highlights that the U.S. current account deficit is currently running well in excess of USD 600 billion at an annual rate, in the range of 5.5 percent of GDP. It represents more t...

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Dettagli Bibliografici
Ente Autore: International Monetary Fund
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2004.
Serie:per Jacobson lecture
Accesso online:Full text available on IMF
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245 1 4 |a The U.S. Current Account Deficit and the Global Economy. 
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300 |a 1 online resource (36 pages) 
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500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper presents the views of Lawrence H. Summers on the U.S. current account deficit and the global economy. Summers highlights that the U.S. current account deficit is currently running well in excess of USD 600 billion at an annual rate, in the range of 5.5 percent of GDP. It represents more than 1 percent of global GDP and absorbs close to two-thirds of the cumulative current account surpluses of all the world's surplus countries. Summers thinks that such a unique imbalance deserves careful scrutiny. 
538 |a Mode of access: Internet 
830 0 |a per Jacobson lecture 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/books/028/07357-9781451980929-en/07357-9781451980929-en-book.xml  |z IMF e-Library